LOT 2 - Mainline Industrial Estate, Milnthorpe, Kendal LA7 7LR

Milnthorpe, LA7 7LR

Sold
LOT 2 - Mainline Industrial Estate, Milnthorpe, Kendal LA7 7LR
Price £4,850,000
Rent (pa) £479,500
Yield 9.28%

Investment Summary

  • MULTI-LET INDUSTRIAL ESTATE INVESTMENT IN CUMBRIA LOCATED C. 10 MILES SOUTH OF KENDAL, ALONG THE M6 LINKING CUMBRIA WITH LANCASHIRE AND THE WIDER NORTH WEST REGION
  • POPULAR ESTATE PROVIDING THE ONLY SIGNIFICANT INDUSTRIAL ACCOMMODATION FOR A LARGE CATCHMENT
  • 13 UNITS TOTALLING 130,742 SQFT ACROSS A RANGE OF SIZES FROM 1,300 SQFT - 30,500 SQFT
  • INCLUDES TWO OPEN STORAGE SITES TOTALLING C. 2.60 ACRES
  • TOTAL SITE AREA OF C. 8.54 ACRES OVERALL AWULT OF 2.7 YEARS TO EXPIRIES AND 2.0 YEARS TO BREAK
  • TOTAL RENT OF £479,500 PER ANNUM (£3.67 PSF) INCLUSIVE OF LANDLORD GUARANTEES
  • ESTIMATED RENTAL VALUE OF £652,275 PER ANNUM (£4.68 PSF)
  • FREEHOLD
Town Milnthorpe
Postcode LA7 7LR
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